Journalize the following transactions for the buyer, Young Company, using the net method to account for purchase discounts. Assume a perpetual inventory system September 1 Purchased goods from Grieg Company on account, $12,500, terms 1/10, n/30. September 7 Returned defective merchandise to Greg Company that was previously purchased on account, $2,500 September 11 Paid the amount due to Grieg Company Date Account Title Debi Credit Submit Assignment